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The Local Radio Company (TLRC) has announced that it’s subsidiary sales house, First Radio Sales (FRS) will become a jointly owned venture with Ulster Television (UTV), with TLRC transferring a 50% stake in the company to UTV for £500,000. The move will see FRS secure the airtime sales contract for 17 local radio stations acquired… Continue reading First Radio Sales Becomes Joint Venture Between UTV And TLRC

Online auction giant eBay has secured the purchase of Voice Over IP operator Skype Technologies for a massive $2.6 billion (£1.4 billion). The deal, which is being made in half cash and half stocks, will create an “an unparalleled e-commerce and communications engine” according to eBay, which plans to use the technology to help its… Continue reading eBay Secures Skype For $2.6 Billion

News Corporation has secured the purchase of American online gaming firm IGN Entertainment, gaining access to around 28 million male internet users, with sites covering video games, films, music, sports, cars and girls. The deal, worth $650 million, sees IGN incorporated into News Corp’s Fox Interactive Media Unit, extending Rupert Murdoch’s online activities to around… Continue reading News Corp Buys Online Gaming Firm

Carat International has appointed Marcus Wilding as vice president, charged with the role of leading the development of its global communications services for Coke, Diageo, EMI and Epson accounts out of the Carat International London office. Wilding joins Carat from Starcom Mediavest where he was managing director responsible for P&G Business across Europe, Middle East… Continue reading Wilding Joins Carat International As Vice President

Scottish Media Group (SMG) has announced a 68% increase in underlying pre-tax profits for the first six months of the year, reaching £6.7 million, up from £4.0 million this time last year. Turnover for the Group has also enjoyed growth, rising to £94.9 million from £88.5 million in 2004, an increase of 7%, while the… Continue reading SMG Sees Profits Hit £6.7 Million For First Half 2005

Paris based advertising group, Havas, has announced a decrease in revenues of 6.4% in the first six months of 2005, seeing revenues tumble to € 700 million from €748 million compared to the same period in 2004. Operating margin also went down, declining to €75 million compared to €79 million year on year, reflecting an… Continue reading Havas Announces Tumble In Revenues For First Half Of 2005

Kelvin MacKenzie has been appointed as executive chairman to publishing company, Highbury House Communications, ending months of speculation about the former Sun editor’s plans for the future. Last month MacKenzie bought 15,500,500 ordinary shares in Highbury, bringing his stake in the company to 19.82% and fuelling industry speculation of ambitions for a place on the… Continue reading Highbury Appoints MacKenzie As Chairman

ITV has announced this morning that it will work with the BBC to launch a free digital satellite service, with the working title Freesat, to complement the existing free-to-air terrestrial service, Freeview. Freesat will enable viewers to receive subscription-free digital television via satellite and will be aimed primarily at those currently unable to receive the… Continue reading ITV To Join BBC In Launch Of Free Satellite Service

Global advertising agency, WPP, has acquired a majority stake in iPR Asia Holdings Limited (‘iPR’) a leading financial public relations agency, further extending the Group’s strategy of developing its networks in important and faster growing markets and sectors. iPR will be integrated into WPP’s public relations and public affairs network company Ogilvy Public Relations Worldwide,… Continue reading WPP Extends Reach In Asia

Media communications and market research group, Aegis, reported a 14% increase in revenue for the six months to June 30th, reaching £389.0 million, up from £338.9 million this time a year ago. Half-year profit for the group rose to £35.6 million from £35.4 million a year earlier, helped by strong growth in its market research… Continue reading Aegis Reports 14% Increase In Revenues For First Half Of 2005